News

Memorandum includes cooperation in green energy

Published

December 11, 2015

Comments

comments icon

0

Share

Published:

December 11, 2015

Comments:

comments icon

0

Share

Macedonia and Albania are small countries and have need of mutual energy connection that is of interest to both sides, ministers Bekim Neziri and Damian Gjiknuri said in Struga. They signed a memorandum of understanding on cooperation in the fields of of energy efficiency, small hydropower plants, wind power, oil and oil products, Macedonian Ministry of Economy said on its website. Gjiknuri, minister of energy and industry of Albania, visited the neighbouring country and met his counterpart in the border town one day after the European Bank for Reconstruction and Development signed an agreement for a loan of up to EUR 37 million for the construction of the first electricity interconnector between the two countries.

By signing the memorandum, according to Neziri, good relations between Macedonia and Albania are confirmed and the benefits are yet to be felt. “Cooperation in the energy market we have with Bulgaria and Serbia, and with the interconnection with Albania, a project that should be completed by 2018, we make the Republic of Macedonia a link in the regional energy market,” Neziri stated.

Gjiknuri said the two countries made remarkable progress in the project for the construction of the interconnection Bitola–Elbasan and added he expects that in 2017 there will be concrete steps. “Funds are provided for the realization of the project in both countries. Interest is huge in both countries as it will provide connection to the energy system of Macedonia, and thus in Bulgaria and Serbia. Apart from our countries, the entire region will benefit. The project provides connectivity to Albania, but not only Albania, I would say of Bulgaria and the region with Italy by sea,” Gjiknuri emphasized.

Related Articles

serbia france afd edf nuclear program cooperation meeting

Serbia seeks France’s support for first phase of nuclear program

04 February 2026 - France is Serbia’s strategic partner in the energy sector, Minister of Mining and Energy Dubravka Đedović Handanović

GEN I optimize operation R Power battery system in Romania

GEN-I to optimize operation of R.Power’s battery system in Romania

04 February 2026 - GEN-I and R.Power signed a long-term optimization agreement for the Scornicești battery energy storage system (BESS) in Romania.

Saudi Arabia to build 2 GW of solar power in Turkey within 5 GW deal

Saudi Arabia to build 2 GW of solar power in Turkey within 5 GW deal

04 February 2026 - Saudi Arabia signed an agreement for its companies to build solar power plants totaling 2 GW in two provinces in Turkey

eps profit electricity meter

Serbia’s power utility EPS boosts profit to over EUR 360 million in 2025

03 February 2026 - Elektroprivreda Srbije posted a profit of RSD 42.3 billion for 2025, a significant increase from 2024, when net income was RSD 26.1 billion